The same guys relentlessly defending the child mass murders in Gaza, here cosplay as being against child sexual abuse.
The irony is so massive that I'm surprised a black hole didn't form at Politico's main office in Germany.
The beaches of Normandy on D-day were full of antifa members...
I think my lack of clarity in my original post is at fault here.
As I pointed out in my more recent post, the Dark Ages were a regression for Europe, not for the rest of the World.
I never meant for my reference to the Dark Ages to be interpreted as meaning that the whole World suffered.
The original point I was trying to make is that "every market ever has crashed, but the world trudges on" can be read as an excessivelly complacent take, because even if elsewhere people are fine it doesn't mean for we ourselves were we are, that our own way of living will remain and we will be fine.
"Manking will survive" doesn't mean our own society won't be screwed and end up going back relative to the rest in Economic and even Technological terms.
Two points:
- I agree that such a deep regression is unlikely. We almost always regress at least Economically with a Crash, but it's years or maybe a decade, almost never a century or two. Mind you, in broad scope of History, it's normal for societies to collapse, though never all societies at once. Somewhere in the World people will be fine, just not necessarily were we live.
- The Dark Ages was not the end of society, only a regression in Technologic and Economic terms for Europe alone and eventually Europe recovered and surpassed the technological and economic peak of the Roman Empire.
I'm just pointing out that sometimes the World doesn't merelly "trudge on": at least in some places it actually regresses a lot, sometimes the equivalent of centuries-worth of social and technological development, before going back to "trudging on".
Every market ever has crashed, but the world trudges on
is a statement disproven by History.
(PS: Actually, thinking about it, you are correct in that at least that part of the World does trudge on. Just not necessarily the bit we're on)
Oh yeah, I think the 2008 Crash proved it's not a question of if an Economic Collapse in the US will harm the rest, it's a question of how much.
I mean, last time around Landesbanken in Germany were going down because of buying CDO-squared derivatives backed by US Realestate Assets and plenty of large banks in Europe had to be saved because of similar malinvestements or simply their counterparties on the derivatives which were supposed to offset certain risks were other financial instituations which went bankrupt.
It's when the tide goes down that we see how many were swimming whilst wearing no shorts, and like in the US most Central Banks around the World never fully rolled-back the "temporary" ultra low interest rates thus having far less "dry powder" this time around to soften the Economic blow so this crash might very well be even worse than the last one, even with reduced financial interconnectivity between countries.
I expect that, once again, we will all be living the curse of "interesting times".
You're criticizing the expression but not disproving the fact that Europe went back in Economics and Technological terms (to the point that formula for cement from the Romans was lost until the XXth century and the proven knowledge that the Earth was round dating from all the way back in the Ancient Greek time was forgotten, also for centuries) to the point that by the 12th Century the Arabs were more culturally and economically developed than Europe (and, curiously, it was the irrigation techniques brough to Europe by the Arabs during the Moorish Occupation of the Iberian Peninsula which, after spreading through Europe, created the Economic conditions for cities to grow and the Renaissance).
This wasn't a regression of mankind, it was a regression of Europe - it weren't the Arabs who burned down the Great Library Of Alexandry.
Try the books "This Time Is Different" and "The Black Swan", they're both high level views on things, the former being about the History of Economic Crashes (and the common folly of thinking that this time is different), so mainly an Economics take, whilst the latter is a Finance Industry point of view about how the 2008 Crash ended up happening and the reactions to, it from a guy who made a lot of money from predicting it.
Might also want to read "Freaknomics" (a book from the Behavioural Economics area, which is maybe the only part of Economics that actually follows the Scientific Method) for a view of how humans actually behave in Economics/Financial domains which thoroughly disproves (not by trying it but simply because it's what logically follows from the experiments they conducted on human economics behaviours) the complete total bollocks which is Homo Economicus that's used as foundation of most of the mathematical building which justifies the Free Market Theories so beloved of Neoliberals.
The rest I mainly know it from living through it and following the more Finance specialist news and following a forum (whose name totally evades me) which had a lot of Finance Industry members (so a lot of the posts there were clearly from the kind of person who knows concepts like "discounted value of money" rather than opinionated non-experts) and was towards the Libertarian and Goldbugs side, before it got swamped by Preppers and other such far-right American sub-culture members.
I've been outside the Industry for almost a decade now, so I bet that beyond awareness of the (real) fundamentals of Markets and how the Industry operates, I'm less well informed about what's going on right now than you are.
Every-fucking-body has something like that or worse (much worse, in some cases) going on or at least in their History.
So Egypt is hardly going to care about performative outrage from US-aligned nations about China's very own Genocide when those nations themselves have done worse (in some cases way, way worse) and are currently supporting a vastly more murderous Genocide in the Middle East than whatever was done to the Uyghurs.
From Egypt's point of view all the talk about the treatment of the Uyghur population in China from US-aligned nations is, as the Brits would say, the Pot calling the Kettle Black.
At this point, after 2 years of unwavering support of the mass murdering of children by the Israelis in Gaza, I doubt any non-Aligned nation cares in any way form or shape about the performative "humanitarianism" of US-aligned nations towards members of other alliances.
That's absolutelly natural at the end of line of an Imperial nation.
China too will end up like that.
Maybe the beginning of the Chinese Era won't be too bad, but they'll be as bad as America soon enough and eventually they too will go "full pants on head insane" as they reach their own end of line as Empire, though his this kind of thing historically takes a century or so to happen.
Israel's recent bombing of Qatar probably didn't help.
My gaming PC noticeably helps heat up one of the rooms in my place during Winter.
In the Summer, however, that's a downside rather than an upside.
Ah, the good old "Swedish Central Bank Prize For Economics In Honor Of Alfred Nobel", for which they use the shortname "Nobel Prize For Economics".
The whole thing neatly reflects the honesty of the profession.